Gujarat: Only State in India to emerge ‘Investor Friendly’ even in World Economy Downturn

We cannot promise you the moon, but we promise you the platform from where, you can reach the heights of success – CM Narendra Modi

Gujarat, the Growth Engine with Business Resources, offers tremendous Opportunities for Investment as it is the most preferred location for Industrial Investment in the Country. It is the home for Dynamic Industrialists and Business Entrepreneurs. Several factors influence Investment Opportunities in Gujarat depending on Investment Environment:

Availability of Natural Resources

Gujarat is rich in its mineral base. It has a sharp growth in Agriculture at 9.6% expansion in farm production. A ‘petrocapital’ State with Industry depending on availability of natural resources which are in abundance in the state.

Manpower

Gujarat excels in skilled manpower. Gujarat has amongst the least mandays lost – 0.6 per cent of the country’s total.

Policy Measures and Incentives

The support of a proactive government is key factor for rapid industrial growth. The Gujarat Government has undertaken several Policy measures and Incentives to attract large investments in various sectors. The Policies aim to promote overall development of the economy.

Economy Attractions At a time of the World Economy melt down, Global Investors envisage for safer Investments and fetch assured returns. Investors look towards India and Gujarat has been a preferred Investment Destination with Vibrant Gujarat Summit MoUs signed to overwhelming response with a whooping 12 lakh Crores. Stable Leadership and Growth Policies With a Stable Leadership and Business environment, Gujarat is recognized as a front runner in proactive Governance with its progressive policies and incentives. Being among the first states to establish reform-oriented policies has been a vital factor for creating a conducive environment for investors. Gujarat has further launched specific policies that cater to the development of sectors such as ports, roads, biotechnology, IT, agriculture and minerals. Enhancing Investments There is specific intervention across sectors which would facilitates in fostering significant growth. The IRs and SIRs are steered for ‘Model for Growth.’ The DMIC (Delhi-Mumbai Industrial Corridor) is strategically planned Project of the Government covering 1483 kms, of which, 546 kms long route covers Eighteen (18) Regions of Gujarat. Gujarat Government has incredible development plans under this Project. Partnering Strengths The PPP model is encouraged by Gujarat Government in Infrastructure Sector to leverage entrepreneur spirit of Gujarat and have multiple effects on Government efforts. Mega Projects and Innovative Projects are also being encouraged by the State. This aims for Investors Paradise as Partnering strengths are Growth Propellers. Investment Share & Implementation of Projects Investment in Gujarat counts a major share in India’s Investment ratio. In last five years, Gujarat’s Development share is 10.30% and as per RBI survey (2008), 22 percent Investments opportunities are envisaged for 100 projects with over Rs.62.442 Crores Investment which lead to 15 Billion $US, rating Gujarat as One State in India. Gujarat – Tops in Investment with 22% Maharashtra 12.7% Orissa 10.9% Andhra Pradesh 8.5% Chattisgarh 6.2% Karnataka 3.7% Other States 30.5% Gujarat also projects 50 percent actual implemented Projects, making it the most Industrialized envisaged Investment Opportunity Hub through the Vibrant Gujarat Summits. In a span of 17 years from 1991-2008, Gujarat gave a share of 12.91 percent Projects with over 125.03 Billion Dollars as compared to other states. Envisaged Projects Gujarat 12.91 % Maharashtra 10.78 % Chattisgarh 12.15 % Orissa 11.35% Andhra Pradesh 7.95 % Karnataka 7.88% Tamilnadu 4.51% Uttar Pradesh 4.30 % Jharkhand 6.58% West Bengal 5.50% Other States 16.07% Gujarat Government’s efforts have seen a new light in Corporate World who have a keen eye on Gujarat’s Development. Investors have ample business opportunities in various Projects.